Uber to increase London fares for US$260mil fund for electric cars


Spanish taxis late on Aug 1 called off their days-long strike against online ride-hailing services like Uber after Madrid agreed to let regional governments regulate the sector. — AFP Relaxnews

LONDON: Uber Technologies Inc will increase the cost of taking a ride in London by 15 pence per mile to create a 200 million pound (US$260mil) fund to help drivers switch to all-electric vehicles.

The announcement comes days before Uber heads to a London court to appeal a court ruling that its drivers should be entitled to benefits, including overtime and paid vacation.

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